All of the following are requirements for a Tax Professional to meet the Earned

Question

All of the following are requirements for a Tax Professional to meet the Earned income Tax Credit (EITC) due diligence requirement EXCEPT: A- Refusing to ignore the implications of infomation furnished to or known by the preparer. B-Having no knowldege or reason to know that any information used in determining the taxpayer's eleigibility for, or the amount of the Earned income Tax credit (EITC) is incorrect. C-Contemporaneously documenting in the files the additional inquiries made and their taxpayer's responses to these inquiries. D- Verification and proof of relationships claimed.

Explanation / Answer

Ans) Option (B)

Having no knowldege or reason to know that any information used in determining the taxpayer's eleigibility for, or the amount of the Earned income Tax credit (EITC) is incorrect.

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